December 2011

Market observers say a confluence of factors have contributed to the sluggish start for Thomson Reuters' Eikon, the company's next generation market data desktop.
With the news that Thomson Reuters Chief Tom Glocer is set to step down on January 1, the industry is questioning what went wrong with Eikon, the company's next generation market data desktop product launched with much fanfare in September 2010.
Thomson Reuters had high expectations for Eikon,...

Building a Financial Research Library has been a long time ambition of mine so it was great to finally get it off the ground earlier this year. The library currently consists of approximately 400 papers and is growing all the time.
Here are the most viewed papers since we relaunched in July.

Studies of interactions between human traders and Algorithmic Trading Systems This review was commissioned as part of the UK Government’s Foresight Project, The Future of Computer Trading in...

Dear MoneyScience Users and Friends,
I wanted to take the opportunity, on behalf of myself and the rest of the MoneyScience Team, to wish you all the very best for the holiday season and the New Year ahead!
It promises to be an extremely exciting year for us, and without spoiling too many surprises, along with a raft of very cool site upgrades, you'll see us rolling out some fairly significant structural overhauls to improve the way we work with companies and institutions. We'll...

MoneyScience Reloaded! Welcome to the New Site! 6 months in the making, and several years in the conception. This was the annoucement I made when we relaunched the site in July
The Future of Computer Trading in Financial Markets - Supplementary Materials, Research and Reviews This is the collection of review papers and commentary which the UK Government Office for Science, Foresight Project commissioned, reviewed and condensed for their report: The Future of Computer Trading in Financial...

On the nature of genius, trading and hindsight Phil Maymin discusses his paper "Markets are Efficient if and only if P = NP"
Interview with Paul Hawtin, Founder of Derwent Capital Earlier this year London based Derwent Capital Markets launched the Derwent Absolute Return Fund which became known in the industry as the "Twitter Hedge Fund'.
Quants, the Alchemists of Wall Street Featuring Paul Wilmott and Emanuel Derman, this 45 minute documentary looks at Quant Finance in the context of the...

Armed with insider knowledge, managers of share-restricted hedge funds sell off their own holdings ahead of their investors in order to avoid low returns produced by an outflow of shareholder dollars, according to a new study by researchers from Boston College and EDHEC Business School in France.The practice, known as front running, pits the interests of managers against those of investors in hedge funds where shareholder actions are limited by contract and there is scant disclosure of fund...

Gábor Kézdi and Robert J. Willis
How to ordinary people form their beliefs about the economy? These beliefs then shape the decisions they make and can, if widely held, prove to be self-fulfilling. This column looks at surveys of ordinary people in the US and finds that the beliefs people hold and the reasons behind them vary almost as much as the outcomes they try to predict.
Even during the best of economic times, the typical rite-of-passage financial decisions that...

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NVIDIA announced on Wednesday that it will provide the source code for the new NVIDIA® CUDA® LLVM-based compiler to academic researchers and software-tool vendors, enabling them to more easily add GPU support for more programming languages and support CUDA applications on alternative processor architectures.
LLVM is a widely-used open source compiler infrastructure with a modular design that makes it easy to add support for new programming languages and processor...

JP Morgan is expanding its use of supercomputers to speed up more of its fixed income trading operations.
Earlier this year, the bank revealed how it reduced the time it took to run an end-of-day risk calculation from eight hours down to just 238 seconds.
It recently won an award for this deployment, which was based on an application-led, High Performance Computing (HPC) system running on Field-Programmable Gate Array (FPGA) technology.
...The new dataflow supercomputer – where the...